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Friday, October 28, 2011

Florida's corporate giveaways have not produced promised jobs

Surprise, surprise, surprise.

Corporate welfare doesn't live up to the repugican hype. What's so hard about admitting that these programs don't work and trying something else?
But even Wal-Mart, Publix, Kraft Foods and other corporate giants have had trouble meeting job goals.

New data shows Florida has signed contracts worth $1.7 billion since 1995 in return for promises of 225,000 new jobs. But only about one-third of those jobs have been filled while the state has paid out 43 percent of the contracts.

That averages out to $10,237 per job.

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